Commercial service imports in Bermuda
Bermuda: Commercial service imports was 1.08 billion current US$ in 2023. ▬ Flat
Commercial service imports in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
Bermuda recorded 1.08 billion current US$ for commercial service imports in 2023.
That represents a change of up 8.7% on the previous year and up 23.2% over ten years.
Over the whole period, commercial service imports in Bermuda peaked at 1.10 billion current US$ in 2018 and was at its lowest, 796.41 million current US$, in 2020.
Bermuda ranks 149th of 200 countries on this measure, in the middle of the range.
Commercial service imports in Bermuda, year by year
| Year | current US$ | Change |
|---|---|---|
| 2006 | 836.66 million current US$ | — |
| 2007 | 1.09 billion current US$ | +30.4% |
| 2008 | 1.02 billion current US$ | -6.4% |
| 2009 | 966.41 million current US$ | -5.3% |
| 2010 | 994.74 million current US$ | +2.9% |
| 2011 | 878.62 million current US$ | -11.7% |
| 2012 | 880.79 million current US$ | +0.2% |
| 2013 | 879.41 million current US$ | -0.2% |
| 2014 | 982.97 million current US$ | +11.8% |
| 2015 | 888.01 million current US$ | -9.7% |
| 2016 | 943.89 million current US$ | +6.3% |
| 2017 | 949.60 million current US$ | +0.6% |
| 2018 | 1.10 billion current US$ | +15.5% |
| 2019 | 1.07 billion current US$ | -2.3% |
| 2020 | 796.41 million current US$ | -25.7% |
| 2021 | 839.68 million current US$ | +5.4% |
| 2022 | 996.13 million current US$ | +18.6% |
| 2023 | 1.08 billion current US$ | +8.7% |
Bermuda compared with similar countries
- Bermuda's 1.08 billion current US$ is below the median for high income countries, which is 18.83 billion current US$, 6% of the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 978.62 million current US$ | 836.66 million current US$ | 1.09 billion current US$ | 4 |
| 2010s | 956.63 million current US$ | 878.62 million current US$ | 1.10 billion current US$ | 10 |
| 2020s | 928.85 million current US$ | 796.41 million current US$ | 1.08 billion current US$ | 4 |
Countries ranked near Bermuda
- 146 Aruba 1.14 billion current US$ compare
- 147 Tajikistan 1.12 billion current US$ compare
- 148 New Caledonia 1.11 billion current US$ compare
- 150 Afghanistan 1.04 billion current US$ compare
- 151 Andorra 1.03 billion current US$ compare
- 152 Niger 1.02 billion current US$ compare
More private sector data for Bermuda
- Merchandise trade 14.6% (2024)
- Food imports 21.5% (2024)
- Manufactures imports 54.6% (2024)
- Merchandise imports 1.25 billion current US$ (2025)
- Food exports 1.8% (2024)
- Manufactures exports 59.9% (2024)
- Merchandise exports 43.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 666.1 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0074 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate -36.76 % change on previous year (2025)
Frequently asked questions
- What is commercial service imports in Bermuda?
- Commercial service imports in Bermuda was 1.08 billion current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service imports recorded in Bermuda?
- The highest recorded value was 1.10 billion current US$ in 2018.
- What is the lowest commercial service imports recorded in Bermuda?
- The lowest recorded value was 796.41 million current US$ in 2020.
- How does Bermuda rank for commercial service imports?
- Bermuda ranks 149th out of 200 countries with data for 2023.
- Is commercial service imports rising or falling in Bermuda?
- Over the last ten years it is up 23.2%. The long-run trend across the full record is flat.
- Where does this Bermuda data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service imports (current US$). Statizoid updates them automatically from the source API.
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About this data
Commercial service imports are total service imports minus imports of government services not included elsewhere. Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.